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100 N Avenue 50

100 N Avenue 50, Los Angeles, CA 90042

N/A

10 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
10
Building Size:
6,434 SF
Property Type:
Multifamily
Property Sub-type:
Mid/High-Rise
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
5.30%
Lot Size:
14,804 SF
Listing ID
18194289
Last Updated
316 days ago

Description

100 North Avenue 50 is a 6,434 square feet mixed-use building situated on 14,804 square feet of land located on the signalized corner of Figueroa Street and Avenue 50 in the city of Highland Park, California. The property is comprised of eight one bedroom/ one-bath units, a duplex, and a historic neighborhood cafe. Currently 100 percent occupied, Chico's Cafe has been a
tenant for over 20 years and is on a month-to-month modified gross lease. Parking consists of 20 spaces.

Highland Park consists of 4.586 square miles with a population upwards of 261,000 within a three mile radius and an average household income of over $65,000 within a one mile radius.

Surrounding tenants include Food 4 Less, McDonald's, high density retail centers and multifamily area with strong demographics.

The subject property is accessible by the 5, 110, 2 and 134 Freeways, close proximity to South Pasadena and Eagle Rock and within several minutes driving distance north of downtown Los Angeles.

Map of 100 N Avenue 50, Los Angeles, CA 90042 (Los Angeles County)

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Created 5/29/2013